Keurig Dr Pepper Inc. (NASDAQ:KDP) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC lowered its position in shares of Keurig Dr Pepper Inc. (NASDAQ:KDPFree Report) by 15.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 317,072 shares of the company’s stock after selling 57,425 shares during the period. Gotham Asset Management LLC’s holdings in Keurig Dr Pepper were worth $10,010,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new stake in Keurig Dr Pepper in the third quarter worth about $25,000. Geneos Wealth Management Inc. lifted its holdings in Keurig Dr Pepper by 973.8% in the 3rd quarter. Geneos Wealth Management Inc. now owns 902 shares of the company’s stock valued at $28,000 after acquiring an additional 818 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new stake in Keurig Dr Pepper in the 4th quarter valued at about $34,000. Huntington National Bank lifted its holdings in Keurig Dr Pepper by 60.4% in the 2nd quarter. Huntington National Bank now owns 1,229 shares of the company’s stock valued at $38,000 after acquiring an additional 463 shares during the last quarter. Finally, Concord Wealth Partners lifted its holdings in Keurig Dr Pepper by 123.0% in the 2nd quarter. Concord Wealth Partners now owns 1,347 shares of the company’s stock valued at $42,000 after acquiring an additional 743 shares during the last quarter. Institutional investors own 52.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KDP. Wedbush cut their price target on shares of Keurig Dr Pepper from $37.00 to $35.00 and set an “outperform” rating for the company in a report on Monday. Barclays reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, February 23rd. HSBC started coverage on shares of Keurig Dr Pepper in a research note on Friday, December 22nd. They set a “hold” rating and a $37.00 price objective for the company. Morgan Stanley reduced their price objective on shares of Keurig Dr Pepper from $37.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Royal Bank of Canada reduced their price objective on shares of Keurig Dr Pepper from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.64.

View Our Latest Analysis on Keurig Dr Pepper

Insiders Place Their Bets

In other Keurig Dr Pepper news, insider Monique Oxender acquired 6,000 shares of Keurig Dr Pepper stock in a transaction dated Tuesday, December 12th. The stock was bought at an average cost of $32.72 per share, with a total value of $196,320.00. Following the completion of the transaction, the insider now owns 56,848 shares of the company’s stock, valued at $1,860,066.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.81% of the company’s stock.

Keurig Dr Pepper Stock Performance

Keurig Dr Pepper stock traded up $0.53 during trading hours on Wednesday, reaching $30.03. 9,755,927 shares of the company were exchanged, compared to its average volume of 9,274,630. The firm has a market cap of $41.67 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 2.27 and a beta of 0.67. The company has a current ratio of 0.38, a quick ratio of 0.25 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average of $31.74 and a 200 day moving average of $31.81. Keurig Dr Pepper Inc. has a 12 month low of $27.66 and a 12 month high of $35.99.

Keurig Dr Pepper (NASDAQ:KDPGet Free Report) last announced its earnings results on Thursday, February 22nd. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The firm had revenue of $3.87 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Keurig Dr Pepper had a return on equity of 9.93% and a net margin of 14.72%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. As a group, research analysts anticipate that Keurig Dr Pepper Inc. will post 1.91 earnings per share for the current year.

Keurig Dr Pepper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.86 dividend on an annualized basis and a yield of 2.86%. Keurig Dr Pepper’s payout ratio is currently 55.48%.

About Keurig Dr Pepper

(Free Report)

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.

Further Reading

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Institutional Ownership by Quarter for Keurig Dr Pepper (NASDAQ:KDP)

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